406 SE Monroe StLake CityFL32025
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake City at 406 SE Monroe St, Lake City, FL, 32025 generates $1,900/mo in rent and, after a $994/mo payment, leaves $552/mo in cash flow. Total monthly income is $1,900/mo, and annual cash flow is $6,629/yr on $67,295 invested. Return on cash invested sits at 29.76% in year one, and rental yield is 11.23% on a $203,000 entry. Equity gained on principal adds $1,310/yr, while 5% annual appreciation builds toward $56,085 over five years. Five-year ROI reaches 156.28% and total cumulative return in cash sums $105,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
9,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32025, Lake City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,127 (100%) |
| Owner Occupied HU | 5,155 (56.5%) |
| Renter Occupied HU | 3,163 (34.7%) |
| Vacant Housing Units | 809 ( 8.9%) |
| Median Home Value | $238,613 |
| Average Home Value | $278,138 |
Housing Distribution
Address Breakdown
Residential
8,161
Single Family
7,475
Multi-Family
686
Businesses
689
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